12 U.S.C. · Banks and Banking
12 U.S.C. § 5222

Coordination with foreign authorities and central banks

Ch. 52 — EMERGENCY ECONOMIC STABILIZATION
Title 12 U.S.C. ● ACTIVE Primary Source Ch. 52
Statutory Text

12 U.S.C. § 5222 — Coordination with foreign authorities and central banks

U.S.C. Title 12 - BANKS AND BANKING 12 U.S.C. United States Code, 2023 Edition Title 12 - BANKS AND BANKING CHAPTER 52 - EMERGENCY ECONOMIC STABILIZATION SUBCHAPTER I - TROUBLED ASSETS RELIEF PROGRAM Sec. 5222 - Coordination with foreign authorities and central banks From the U.S. Government Publishing Office, www.gpo.gov

§5222. Coordination with foreign authorities and central banks

The Secretary shall coordinate, as appropriate, with foreign financial authorities and central banks to work toward the establishment of similar programs by such authorities and central banks. To the extent that such foreign financial authorities or banks hold troubled assets as a result of extending financing to financial institutions that have failed or defaulted on such financing, such troubled assets qualify for purchase under section 5211 of this title.

(Pub. L. 110–343, div. A, title I, §112, Oct. 3, 2008, 122 Stat. 3777.)

Source: uscode.house.gov — public domain Official Source ↗
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The statutory text of 12 U.S.C. § 5222 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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